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Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||||
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(State or other jurisdiction of
incorporation or organization) |
(I.R.S. Employer Identification No.) | ||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
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☑ | Accelerated filer | ☐ | Non-accelerated filer | ☐ | ||||||||||||
| Smaller reporting company |
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Emerging growth company |
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| Page | ||||||||
| Part I | ||||||||
| Item 1. | ||||||||
| Item 1A. | ||||||||
| Item 1B. | ||||||||
| Item 2. | ||||||||
| Item 3. | ||||||||
| Item 4. | ||||||||
| Part II | ||||||||
| Item 5. | ||||||||
| Item 6. | ||||||||
| Item 7. | ||||||||
| Item 7A. | ||||||||
| Item 8. | ||||||||
| Item 9. | ||||||||
| Item 9A. | ||||||||
| Item 9B. | ||||||||
| Part III | ||||||||
| Item 10. | ||||||||
| Item 11. | ||||||||
| Item 12. | ||||||||
| Item 13. | ||||||||
| Item 14. | ||||||||
| Part IV | ||||||||
| Item 15. | ||||||||
| Item 16. | ||||||||
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ACCENTURE
2020 FORM 10-K
|
Part I |
1
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
2
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Accenture serves clients in three geographic markets: North America, Europe and Growth Markets (Asia Pacific, Latin America, Africa and the Middle East). Our geographic markets bring together capabilities from across the organization in Strategy & Consulting, Interactive, Technology and Operations—infusing digital skills and industry and functional expertise throughout—to deliver value to our clients.
|
Our revenues for fiscal 2020 were
$44.3 billion,
and we employed approximately
506,000 people
as of August 31, 2020. Our revenues are derived primarily from Forbes Global 2000 companies, governments and government agencies. We have
long-term relationships
and have partnered with
97 of our top 100 clients
in fiscal 2020 for
> 10 years.
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Effective March 1, 2020, we began managing our business under a new growth model through the three geographic markets, which also became our reportable segments in the third quarter of fiscal 2020. The change was designed to help us better serve our clients and continue to scale our business. Prior to this change, our reportable segments were our five operating groups, Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources, which we now refer to as our industry groups.
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Under the new growth model, we continue to go to market primarily by industry, leveraging our deep expertise across more than 40 industries. The new model simplified our organizational structure and increased our agility to form multi-service teams to meet client needs rapidly and at scale. It is also accelerating innovation by enabling our teams to move seamlessly between global and local, leveraging our network of more than 100 innovation hubs, our technology expertise and ecosystem relationships, and our global delivery capabilities to drive value for clients.
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During fiscal 2020, we continued to make significant investments—in strategic acquisitions, in research and development in our assets, platforms and solutions, and in attracting and developing talent—to further enhance our differentiation and competitiveness in the marketplace. At year-end, we had more than 7,900 patents and pending patent applications worldwide. Our disciplined acquisition strategy, which is an engine to fuel organic growth, is focused on scaling our business in high-growth areas; adding skills and capabilities in new areas; and deepening our industry and functional expertise. In fiscal 2020, we invested more than $1.5 billion across 34 strategic acquisitions.
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
3
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Our Strategy
|
||||||||
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Our growth strategy begins with a focus on what our clients need. Regardless of industry, our clients must transform every aspect of their business to meet the needs of today’s digital world. We are helping our clients use technology to build their digital core to drive enterprise-wide transformation—such as moving them to the cloud and embedding security across the enterprise, by transforming their operations—such as replatforming their ERP systems and through our Operations services and Industry X, and by accelerating their growth—such as through creating omni-channel experiences through Interactive.
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We are uniquely able to deliver this transformation because of our ability to bring applied innovation and deliver 360-degree value for our clients.
We define 360-degree value as delivering the financial business case and unique value a client may be seeking, and striving where possible to partner with our clients to achieve greater progress on inclusion and diversity with our diverse teams, reskill our clients’ employees, help our clients achieve their sustainability goals, and create meaningful experiences, both with Accenture and for the customers and employees of our clients.
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We are able to leverage our scale and global footprint, and seamlessly move between global and local, embedding responsible business by design in everything we do. Our strong ecosystem partnerships, together with our assets and platforms, including MyWizard, MyNav and Synops, position Accenture to consistently deliver tangible value for our clients.
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Key enablers of our growth strategy include:
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Our People –
As a talent- and innovation-led organization, across our entire business our people have highly specialized skills that drive our differentiation and competitiveness. We are deeply committed to investing in our people to ensure they have opportunities to learn and grow in their careers through their work experience and continued development, training and reskilling, and we have an unwavering commitment to inclusion and diversity;
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Our Commitment –
We are a purpose driven company, committed to delivering on the promise of technology and human ingenuity. Our culture is underpinned by our core values and Code of Business Ethics which are key drivers of the trust our clients and partners place in us to deliver tangible value and outcomes for them; and
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Our Foundation –
The new growth model and our enduring shareholder value creation model are key elements of the foundation that enable us to execute on our growth strategy.
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
4
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
5
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| Communications & Media | High Tech | Software & Platforms | ||||||
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Clients Served
|
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| Wireline, wireless, broadcast, entertainment, print, publishing, cable and satellite communications service providers | Enterprise technology, network equipment, semiconductor, consumer technology, aerospace & defense, and medical equipment companies | Cloud-based enterprise and consumer software companies; and social, e-commerce, retail, content, advertising and gaming platform companies | ||||||
| Percent of Group’s FY20 Revenue | ||||||||
| 45% | 21% | 34% | ||||||
| Banking & Capital Markets | Insurance | ||||
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Clients Served
|
|||||
| Retail and commercial banks, mortgage lenders, payment providers, investment banks, wealth and asset management firms, broker/dealers, depositories, exchanges, clearing and settlement organizations, and other diversified financial enterprises | Property and casualty insurers, life insurers, reinsurance firms and insurance brokers | ||||
| Percent of Group’s FY20 Revenue | |||||
| 69% | 31% | ||||
| Health | Public Service | ||||
|
Clients Served
|
|||||
| Healthcare providers, such as hospitals, public health systems, policy-making authorities, health insurers (payers), and industry organizations and associations | Defense departments and military forces; public safety authorities; justice departments; human and social services agencies; educational institutions; non-profit organizations; cities; and postal, customs, revenue and tax agencies | ||||
| Percent of Group’s FY20 Revenue | |||||
| 36% | 64% | ||||
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
6
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| Consumer Goods, Retail & Travel Services | Industrial | Life Sciences | ||||||
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Clients Served
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| Food and beverage, household goods, personal care, tobacco, fashion/apparel, agribusiness and consumer health companies; supermarkets, hardline retailers, mass-merchandise discounters, department stores and specialty retailers; airlines; and hospitality and travel services companies | Industrial & electrical equipment manufacturers and suppliers; and construction, heavy equipment, consumer durables, engineering services, real estate business services, freight & logistics, and automotive and public transportation companies | Biopharmaceutical, medical technology, and biotechnology companies and distributors | ||||||
| Percent of Group’s FY20 Revenue | ||||||||
| 52% | 25% | 24% | ||||||
| Chemicals & Natural Resources | Energy | Utilities | ||||||
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Clients Served
|
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| Petrochemicals, specialty chemicals, polymers and plastics, gases and agricultural chemicals companies, as well as the metals, mining, forest products and building materials industries | Companies in the oil and gas industry, including upstream, midstream, downstream, oilfield services, clean energy and energy trading companies | Electric, gas and water utilities; new energy providers | ||||||
| Percent of Group’s FY20 Revenue | ||||||||
| 30% | 28% | 42% | ||||||
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
7
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
8
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Gianfranco Casati
, 61, became our chief executive officer—Growth Markets in January 2014. From September 2006 to January 2014, he served as our group chief executive—Products. From April 2002 to September 2006, Mr. Casati was managing director of the Products Europe operating unit. He also served as our country managing director for Italy and as chairman of our geographic council in its IGEM (Italy, Greece, emerging markets) region, supervising our offices in Italy, Greece and several Eastern European countries. Mr. Casati has been with Accenture for 36 years.
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Richard P. Clark
, 59, became our chief accounting officer in September 2013 and has served as our corporate controller since September 2010. Prior to that, Mr. Clark served as our senior managing director of investor relations from September 2006 to September 2010. Previously he served as our finance director—Communications, Media & Technology from July 2001 to September 2006 and as our finance director—Resources from 1998 to July 2001. Mr. Clark has been with Accenture for 37 years.
|
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Jo Deblaere
, 58, became our chief operating officer in September 2009. Mr. Deblaere also served as our chief executive—Europe from January 2014 to February 2020. From September 2006 to September 2009, Mr. Deblaere served as our chief operating officer—Outsourcing. Prior to that, from September 2005 to September 2006, he led our global network of business process outsourcing delivery centers. From September 2000 to September 2005, he had overall responsibility for work with public-sector clients in Western Europe. Mr. Deblaere has been with Accenture for 35 years.
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Jimmy Etheredge
, 57, became our chief executive officer—North America in September 2019. From December 2016 to September 2019, Mr. Etheredge served as senior managing director—US Southeast, responsible for our business in 10 states, including the key markets of Atlanta, Charlotte and Washington, D.C. Previously, he served as senior managing director—Products in North America from 2011 until December 2016. Mr. Etheredge has been with Accenture for 35 years.
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KC McClure
, 55, became our chief financial officer in January 2019. From June 2018 to January 2019, she served as managing director—Finance Operations, where she led our finance operations across the entirety of our businesses. From December 2016 to May 2018, she served as our finance director—Communications, Media & Technology. Prior to assuming that role, she served as our head of investor relations from September 2010 to November 2016, and from March 2002 to August 2010, she served as our finance director—Health & Public Service. Ms. McClure has been with Accenture for 32 years.
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Jean-Marc Ollagnier
, 58, became our chief executive officer—Europe in March 2020. From March 2011 to March 2020, Mr. Ollagnier served as our group chief executive—Resources. From September 2006 to March 2011, Mr. Ollagnier led Resources in Europe, Latin America, the Middle East and Africa. Previously, he served as our global managing director—Financial Services Solutions group and as our geographic unit managing director—Gallia. Mr. Ollagnier has been with Accenture for 34 years.
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ACCENTURE
2020 FORM 10-K
|
Item 1. Business |
9
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David P. Rowland
, 59, became executive chairman of the Board of Directors in September 2019. From January 2019 to September 2019, he served as our interim chief executive officer. Mr. Rowland was our chief financial officer from July 2013 to January 2019. From October 2006 to July 2013, he was our senior vice president—Finance. Previously, Mr. Rowland was our managing director—Finance Operations from July 2001 to October 2006. Prior to assuming that role, he served as our finance director—Communications, Media & Technology and as our finance director—Products. Mr. Rowland has been with Accenture for 37 years and has served as a director since January 2019. Prior to its merger with and into Accenture plc in March 2018, Mr. Rowland also served on the board of Accenture Holdings plc.
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Ellyn J. Shook
, 57, became our chief leadership officer in December 2015 and has also served as our chief human resources officer since March 2014. From 2012 to March 2014, Ms. Shook was our senior managing director—Human Resources and head of our Human Resources Centers of Expertise. From 2004 to 2011, she served as the global human resources lead for career management, performance management, total rewards, employee engagement and mergers and acquisitions. Ms. Shook has been with Accenture for 32 years.
|
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Julie Sweet
, 53, became our chief executive officer in September 2019. From June 2015 to September 2019, she served as our chief executive officer—North America. From March 2010 to June 2015, she served as our general counsel, secretary and chief compliance officer. Prior to joining Accenture in 2010, Ms. Sweet was a partner for 10 years in the law firm Cravath, Swaine & Moore LLP, which she joined as an associate in 1992. Ms. Sweet has been with Accenture for 10 years and has served as a director since September 2019.
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Joel Unruch
, 42, became our general counsel in September 2019 and has served as our corporate secretary since June 2015. Mr. Unruch also served as our chief compliance officer from September 2019 to January 2020. Mr. Unruch joined Accenture in 2011 as our assistant general counsel and assistant secretary and also oversaw ventures & acquisitions and alliances & ecosystems practices for our legal group. Prior to joining Accenture, Mr. Unruch was corporate counsel at Amazon.com and previously an associate in the corporate department of the law firm Cravath, Swaine & Moore LLP. Mr. Unruch has been with Accenture for 9 years.
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ACCENTURE
2020 FORM 10-K
|
Item 1A. Risk Factors |
10
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
11
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
12
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
13
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
14
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
15
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
18
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
19
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
20
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
21
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
22
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ACCENTURE
2020 FORM 10-K
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Item 1A. Risk Factors |
23
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ACCENTURE
2020 FORM 10-K
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Item 1B. Unresolved Staff Comments |
24
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ACCENTURE
2020 FORM 10-K
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Part II |
25
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ACCENTURE
2020 FORM 10-K
|
Item 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities |
26
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| Period |
Total Number of
Shares Purchased |
Average
Price Paid per Share (1) |
Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs (2) |
Approximate Dollar Value
of Shares that May Yet Be Purchased Under the Plans or Programs (3) |
||||||||||||||||||||||
| (in millions of U.S. dollars) | ||||||||||||||||||||||||||
| June 1, 2020 — June 30, 2020 | 151,482 | $ | 211.25 | 126,699 | $ | 1,857 | ||||||||||||||||||||
| July 1, 2020 — July 31, 2020 | 1,336,948 | 220.44 | 1,301,112 | 1,563 | ||||||||||||||||||||||
| August 1, 2020 — August 31, 2020 | 1,065,906 | 233.39 | 1,033,283 | 1,315 | ||||||||||||||||||||||
| Total (4) | 2,554,336 | $ | 225.30 | 2,461,094 | ||||||||||||||||||||||
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ACCENTURE
2020 FORM 10-K
|
Item 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities |
27
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| Fiscal | |||||||||||||||||||||||||||||
| (in millions of U.S. dollars) | 2020 (1) | 2019 | 2018 (2) (3) | 2017 (2) (4) | 2016 (2) (5) | ||||||||||||||||||||||||
| Income Statement Data | |||||||||||||||||||||||||||||
| Revenues | $ | 44,327 | $ | 43,215 | $ | 40,993 | $ | 36,177 | $ | 34,254 | |||||||||||||||||||
| Operating income | 6,514 | 6,305 | 5,899 | 5,191 | 4,846 | ||||||||||||||||||||||||
| Net income | 5,185 | 4,846 | 4,215 | 3,635 | 4,350 | ||||||||||||||||||||||||
| Net income attributable to Accenture plc | 5,108 | 4,779 | 4,060 | 3,445 | 4,112 | ||||||||||||||||||||||||
| Earnings Per Class A Ordinary Share | |||||||||||||||||||||||||||||
| Basic | $ | 8.03 | $ | 7.49 | $ | 6.46 | $ | 5.56 | $ | 6.58 | |||||||||||||||||||
| Diluted | 7.89 | 7.36 | 6.34 | 5.44 | 6.45 | ||||||||||||||||||||||||
| Dividends per ordinary share | 3.20 | 2.92 | 2.66 | 2.42 | 2.20 | ||||||||||||||||||||||||
| August 31, 2020 | August 31, 2019 | August 31, 2018 | August 31, 2017 | August 31, 2016 | |||||||||||||||||||||||||
| (in millions of U.S. dollars) | |||||||||||||||||||||||||||||
| Balance Sheet Data | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 8,415 | $ | 6,127 | $ | 5,061 | $ | 4,127 | $ | 4,906 | |||||||||||||||||||
| Total assets | 37,079 | 29,790 | 24,449 | 22,690 | 20,609 | ||||||||||||||||||||||||
| Long-term debt, net of current portion | 54 | 16 | 20 | 22 | 24 | ||||||||||||||||||||||||
| Accenture plc shareholders’ equity | 17,001 | 14,409 | 10,365 | 8,949 | 7,555 | ||||||||||||||||||||||||
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ACCENTURE
2020 FORM 10-K
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Item 6. Selected Financial Data |
28
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
29
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
30
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
32
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
33
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| Fiscal |
Percent
Increase (Decrease) U.S. Dollars |
Percent
Increase Local Currency |
Percent of Total
Revenues for Fiscal |
||||||||||||||||||||||||||||||||
| (in millions of U.S. dollars) | 2020 | 2019 (1) | 2020 | 2019 (1) | |||||||||||||||||||||||||||||||
| GEOGRAPHIC MARKETS | |||||||||||||||||||||||||||||||||||
| North America | $ | 20,982 | $ | 19,986 | 5 | % | 5 | % | 47 | % | 46 | % | |||||||||||||||||||||||
| Europe | 14,402 | 14,696 | (2) | — | 32 | 34 | |||||||||||||||||||||||||||||
| Growth Markets | 8,943 | 8,533 | 5 | 8 | 20 | 20 | |||||||||||||||||||||||||||||
| TOTAL REVENUES | $ | 44,327 | $ | 43,215 | 3 | % | 4 | % | 100 | % | 100 | % | |||||||||||||||||||||||
| INDUSTRY GROUPS | |||||||||||||||||||||||||||||||||||
| Communications, Media & Technology | $ | 8,883 | $ | 8,757 | 1 | % | 3 | % | 20 | % | 20 | % | |||||||||||||||||||||||
| Financial Services | 8,518 | 8,494 | — | 2 | 19 | 20 | |||||||||||||||||||||||||||||
| Health & Public Service | 8,023 | 7,161 | 12 | 13 | 18 | 17 | |||||||||||||||||||||||||||||
| Products | 12,272 | 12,005 | 2 | 3 | 28 | 28 | |||||||||||||||||||||||||||||
| Resources | 6,612 | 6,772 | (2) | — | 15 | 16 | |||||||||||||||||||||||||||||
| Other | 19 | 26 | n/m | n/m | — | — | |||||||||||||||||||||||||||||
| TOTAL REVENUES | $ | 44,327 | $ | 43,215 | 3 | % | 4 | % | 100 | % | 100 | % | |||||||||||||||||||||||
| TYPE OF WORK | |||||||||||||||||||||||||||||||||||
| Consulting | $ | 24,227 | $ | 24,177 | — | % | 2 | % | 55 | % | 56 | % | |||||||||||||||||||||||
| Outsourcing | 20,100 | 19,038 | 6 | 7 | 45 | 44 | |||||||||||||||||||||||||||||
| TOTAL REVENUES | $ | 44,327 | $ | 43,215 | 3 | % | 4 | % | 100 | % | 100 | % | |||||||||||||||||||||||
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
34
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| Fiscal | |||||||||||||||||||||||||||||
| (in millions of U.S. dollars) | 2020 | 2019 |
Increase
(Decrease) |
||||||||||||||||||||||||||
| Operating Expenses | $ | 37,813 | 85.3 | % | $ | 36,910 | 85.4 | % | $ | 903 | |||||||||||||||||||
| Cost of services | 30,351 | 68.5 | % | 29,900 | 69.2 | % | 451 | ||||||||||||||||||||||
| Sales and marketing | 4,626 | 10.4 | % | 4,447 | 10.3 | % | 178 | ||||||||||||||||||||||
| General and administrative costs | 2,837 | 6.4 | % | 2,562 | 5.9 | % | 274 | ||||||||||||||||||||||
| Fiscal | |||||||||||||||||||||||||||||
| 2020 | 2019 | ||||||||||||||||||||||||||||
| (in millions of U.S. dollars) |
Operating
Income |
Operating
Margin |
Operating
Income |
Operating
Margin |
Increase
(Decrease) |
||||||||||||||||||||||||
| North America | $ | 3,170 | 15 | % | $ | 3,107 | 16 | % | $ | 62 | |||||||||||||||||||
| Europe | 1,799 | 12 | % | 2,013 | 14 | (214) | |||||||||||||||||||||||
| Growth Markets | 1,545 | 17 | % | 1,184 | 14 | 360 | |||||||||||||||||||||||
| TOTAL | $ | 6,514 | 14.7 | % | $ | 6,305 | 14.6 | % | $ | 209 | |||||||||||||||||||
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
35
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| Earnings Per Share | Fiscal 2020 | ||||
| FY19 As Reported | $ | 7.36 | |||
| Gains on an investment, net of tax | 0.43 | ||||
| Revenue and operating results | 0.24 | ||||
| Lower share count | 0.03 | ||||
| Net Income attributable to non-controlling interest | (0.01) | ||||
| Non-operating income | (0.02) | ||||
| Higher effective tax rate | (0.14) | ||||
| FY20 As Reported | $ | 7.89 | |||
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
36
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| Fiscal | Change | ||||||||||||||||
| (in millions of U.S. dollars) | 2020 | 2019 | |||||||||||||||
| Net cash provided by (used in): | |||||||||||||||||
| Operating activities | $ | 8,215 | $ | 6,627 | $ | 1,588 | |||||||||||
| Investing activities | (1,895) | (1,756) | (139) | ||||||||||||||
| Financing activities | (4,049) | (3,767) | (282) | ||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | 17 | (39) | 56 | ||||||||||||||
| Net increase (decrease) in cash and cash equivalents | $ | 2,288 | $ | 1,065 | $ | 1,223 | |||||||||||
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ACCENTURE
2020 FORM 10-K
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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
37
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| Payments due by period | ||||||||||||||||||||||||||||||||
| Contractual Cash Obligations (1) | Total |
Less than
1 year |
1-3 years | 3-5 years |
More than
5 years |
|||||||||||||||||||||||||||
| (in millions of U.S. dollars) | ||||||||||||||||||||||||||||||||
| Long-term debt and related interest | $ | 75 | $ | 8 | $ | 17 | $ | 8 | $ | 43 | ||||||||||||||||||||||
| Operating leases | 3,949 | 771 | 1,202 | 828 | 1,149 | |||||||||||||||||||||||||||
| Retirement obligations (2) | 91 | 10 | 20 | 19 | 42 | |||||||||||||||||||||||||||
| Purchase obligations and other commitments (3) | 348 | 203 | 100 | 40 | 5 | |||||||||||||||||||||||||||
| Total | $ | 4,463 | $ | 992 | $ | 1,339 | $ | 895 | $ | 1,239 | ||||||||||||||||||||||
|
ACCENTURE
2020 FORM 10-K
|
Item 7A. Quantitative and Qualitative Disclosures About Market Risk |
38
|
|||||||||
|
ACCENTURE
2020 FORM 10-K
|
Item 7A. Quantitative and Qualitative Disclosures About Market Risk |
39
|
|||||||||
|
ACCENTURE
2020 FORM 10-K
|
Item 9A. Controls and Procedures |
40
|
|||||||||
|
ACCENTURE
2020 FORM 10-K
|
Part III |
41
|
|||||||||
|
ACCENTURE
2020 FORM 10-K
|
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters |
42
|
|||||||||
| Plan Category | Number of Shares to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights (3) | Number of Shares Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in 1st Column) | ||||||||||||||||||||
| Equity compensation plans approved by shareholders: | |||||||||||||||||||||||
| 2001 Share Incentive Plan | 50,340 | (1) | $ | — | — | ||||||||||||||||||
| Amended and Restated 2010 Share Incentive Plan | 18,243,498 | (2) | — | 25,216,854 | |||||||||||||||||||
| Amended and Restated 2010 Employee Share Purchase Plan | — | N/A | 25,043,778 | ||||||||||||||||||||
| Equity compensation plans not approved by shareholders | — | N/A | — | ||||||||||||||||||||
| Total | 18,293,838 | 50,260,632 | |||||||||||||||||||||
|
ACCENTURE
2020 FORM 10-K
|
Item 14. Principal Accountant Fees And Services |
43
|
|||||||||
|
ACCENTURE
2020 FORM 10-K
|
Part IV |
44
|
|||||||||
|
Exhibit
Number |
Exhibit | |||||||
| 3.1 |
Amended and Restated Memorandum and Articles of Association of Accenture plc (incorporated by reference to
Exhibit 3.1 to Accenture plc’s 8-K filed on February 7, 2018
)
|
|||||||
| 3.2 |
Certificate of Incorporation of Accenture plc (incorporated by reference to
Exhibit 3.2 to Accenture plc’s 8-K12B filed on September 1, 2009
(the “8-K12B”))
|
|||||||
| 4.1 |
Description of Accenture plc’s Securities (incorporated by reference to
Exhibit
4
.
1
to Accenture plc’s
10
-K
filed on August 31, 2019
)
|
|||||||
| 10.1 |
Form of Voting Agreement, dated as of April 18, 2001, among Accenture Ltd and the covered persons party thereto as amended and restated as of February 3, 2005 (incorporated by reference to
Exhibit 9.1 to the Accenture Ltd February 28, 2005 10-Q
(File No. 001-16565))
|
|||||||
| 10.2 |
Assumption Agreement of the Amended and Restated Voting Agreement, dated September 1, 2009 (incorporated by reference to
Exhibit 10.4 to the 8-K12B
)
|
|||||||
| 10.3* |
Form of Non-Competition Agreement, dated as of April 18, 2001, among Accenture Ltd and certain employees (incorporated by reference to
Exhibit 10.2 to the Accenture Ltd Registration Statement on Form S-1
(File No. 333-59194) filed on April 19, 2001)
|
|||||||
| 10.4 |
Assumption and General Amendment Agreement between Accenture plc and Accenture Ltd, dated September 1, 2009 (incorporated by reference to
Exhibit 10.1 to the 8-K12B
)
|
|||||||
| 10.5* |
2001 Share Incentive Plan (incorporated by reference to
Exhibit 10.3 to the Accenture Ltd Registration Statement on Form S-1/A
(File No. 333-59194) filed on July 12, 2001)
|
|||||||
| 10.6* |
Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.1 to Accenture plc’s 8-K filed on January 30, 2020
)
|
|||||||
| 10.7* |
Amended and Restated 2010 Employee Share Purchase Plan (incorporated by reference to
Exhibit 10.2 to Accenture plc’s 8-K filed on February 3, 2016
)
|
|||||||
| 10.8 |
Form of Support Agreement, dated as of May 23, 2001, between Accenture Ltd and Accenture Canada Holdings Inc. (incorporated by reference to
Exhibit 10.9 to the Accenture Ltd Registration Statement on Form S-1/A
(the “July 2, 2001 Form S-1/A”))
|
|||||||
| 10.9 |
First Supplemental Agreement to Support Agreement among Accenture plc, Accenture Ltd and Accenture Canada Holdings Inc., dated September 1, 2009 (incorporated by reference to
Exhibit 10.2 to the 8-K12B
)
|
|||||||
| 10.10* |
Form of Employment Agreement of executive officers in the United States (incorporated by reference to
Exhibit 10.3 to the February 28, 2013 10-Q
)
|
|||||||
|
ACCENTURE
2020 FORM 10-K
|
45
|
||||||||||
| 10.11* |
Form of Employment Agreement of executive officers in the United Kingdom (incorporated by reference to
Exhibit 10.16 to the August 31, 2013 10-K
)
|
|||||||
| 10.12* |
Form of Employment Agreement of executive officers in Singapore (incorporated by reference to
Exhibit 10.17 to the August 31, 2015 10-K
)
|
|||||||
| 10.13 |
Form of Articles of Association of Accenture Canada Holdings Inc. (incorporated by reference to
Exhibit 10.11 to the July 2, 2001 Form S-1/A
)
|
|||||||
| 10.14 |
Articles of Amendment to Articles of Association of Accenture Canada Holdings Inc. (incorporated by reference to
Exhibit 10.21 to the August 31, 2013 10-K
)
|
|||||||
| 10.15 |
Form of Exchange Trust Agreement by and between Accenture Ltd and Accenture Canada Holdings Inc. and CIBC Mellon Trust Company, made as of May 23, 2001 (incorporated by reference to
Exhibit 10.12 to the July 2, 2001 Form S-1/A
)
|
|||||||
| 10.16 |
First Supplemental Agreement to Exchange Trust Agreement among Accenture plc, Accenture Ltd, Accenture Canada Holdings Inc. and Accenture Inc., dated September 1, 2009 (incorporated by reference to
Exhibit 10.3 to the 8-K12B
)
|
|||||||
| 10.17* |
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.2 to the February 28, 2019 10-Q
)
|
|||||||
| 10.18* |
Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.2 to the February 29, 2020 10-Q
)
|
|||||||
| 10.19* |
Form of Accenture Leadership Performance Equity Award Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.4 to the February 28, 2018 10-Q
)
|
|||||||
| 10.20* |
Form of Accenture Leadership Performance Equity Award Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.3 to the February 28, 2019 10-Q
)
|
|||||||
| 10.21* |
Form of Accenture Leadership Performance Equity Award Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.3 to the February 29, 2020 10-Q
)
|
|||||||
| 10.22* |
Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.4 to the February 28, 2019 10-Q
)
|
|||||||
| 10.23* |
Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.4 to the February 29, 2020 10-Q)
|
|||||||
| 10.24* |
Form of CEO Discretionary Grant Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.6 to the February 28, 2018 10-Q
)
|
|||||||
| 10.25* |
Form of CEO Discretionary Grant Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.5 to the February 28, 2019 10-Q
)
|
|||||||
| 10.26* |
Form of CEO Discretionary Grant Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.5 to the February 29, 2020 10-Q
)
|
|||||||
| 10.27* |
Form of Next Generation Leadership Performance-Based Award Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to
Exhibit 10.
6 to the February 29, 2020
10-
Q
)
|
|||||||
| 10.28* | ||||||||
| 10.29* |
Description of Global Annual Bonus Plan (incorporated by reference to
Exhibit 10.31 to the August 31, 2017 10-K
)
|
|||||||
| 10.30* |
Form of Indemnification Agreement, between Accenture Inc. and the indemnitee party thereto (incorporated by reference to
Exhibit 10.28 to the August 31, 2018 10-K
)
|
|||||||
| 21.1 | ||||||||
| 23.1 | ||||||||
| 23.2 |
Consent of KPMG LLP related to the Accenture plc 2010 Employee Share Purchase Plan (
filed herewith
)
|
|||||||
| 24.1 | Power of Attorney (included on the signature page hereto) | |||||||
| 31.1 |
Certification of the Principal Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (
filed herewith
)
|
|||||||
| 31.2 |
Certification of the Principal Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (
filed herewith
)
|
|||||||
| 32.1 |
Certification of the Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (
furnished herewith
)
|
|||||||
| 32.2 |
Certification of the Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (
furnished herewith
)
|
|||||||
| 99.1 |
Amended and Restated Accenture plc 2010 Employee Share Purchase Plan Financial Statements (
filed herewith
)
|
|||||||
|
ACCENTURE
2020 FORM 10-K
|
46
|
||||||||||
| 101 | The following financial information from Accenture plc’s Annual Report on Form 10-K for the fiscal year ended August 31, 2020, formatted in Inline XBRL: (i) Consolidated Balance Sheets as of August 31, 2020 and August 31, 2019, (ii) Consolidated Income Statements for the years ended August 31, 2020, 2019 and 2018, (iii) Consolidated Statements of Comprehensive Income for the years ended August 31, 2020, 2019 and 2018, (iv) Consolidated Shareholders’ Equity Statements for the years ended August 31, 2020, 2019 and 2018, (v) Consolidated Cash Flows Statements for the years ended August 31, 2020, 2019 and 2018, and (vi) the Notes to Consolidated Financial Statements | |||||||
| 104 | The cover page from Accenture plc’s Annual Report on Form 10-K for the year ended August 31, 2020, formatted in Inline XBRL (included as Exhibit 101) | |||||||
| (*) | Indicates management contract or compensatory plan or arrangement. | ||||
|
ACCENTURE
2020 FORM 10-K
|
Signatures
|
47
|
|||||||||
| ACCENTURE PLC | |||||
| By: |
/s/ J
ULIE
S
WEET
|
||||
|
Name: Julie Sweet
Title: Chief Executive Officer |
|||||
| Signature | Title | |||||||
|
/s/
J
ULIE
S
WEET
|
Chief Executive Officer and Director | |||||||
| Julie Sweet | (principal executive officer) | |||||||
|
/s/
KC
M
C
C
LURE
|
Chief Financial Officer | |||||||
| KC McClure | (principal financial officer) | |||||||
|
/s/
R
ICHARD
P
.
C
LARK
|
Chief Accounting Officer | |||||||
| Richard P. Clark | (principal accounting officer) | |||||||
|
/s/
D
AVID
P
.
R
OWLAND
|
Executive Chairman of the Board and Director | |||||||
| David P. Rowland | ||||||||
|
/s/
G
ILLES
C
.
P
ÉLISSON
|
Lead Director | |||||||
| Gilles C. Pélisson | ||||||||
|
/s/
J
AIME
A
RDILA
|
Director | |||||||
| Jaime Ardila | ||||||||
|
ACCENTURE
2020 FORM 10-K
|
Signatures
|
48
|
|||||||||
|
/s/ H
ERBERT
H
AINER
|
Director | |||||||
| Herbert Hainer | ||||||||
|
/s/
N
ANCY
M
C
K
INSTRY
|
Director | |||||||
| Nancy McKinstry | ||||||||
|
/s/ P
AULA
A. P
RICE
|
Director | |||||||
| Paula A. Price | ||||||||
|
/s/
V
ENKATA
S.M.
R
ENDUCHINTALA
|
Director | |||||||
| Venkata S.M. Renduchintala | ||||||||
|
/s/ A
RUN
S
ARIN
|
Director | |||||||
| Arun Sarin | ||||||||
|
/s/ F
RANK
K. T
ANG
|
Director | |||||||
| Frank K. Tang | ||||||||
|
/s/ T
RACEY
T. T
RAVIS
|
Director | |||||||
| Tracey T. Travis | ||||||||
|
ACCENTURE
2020 FORM 10-K
|
Index To Consolidated Financial Statements |
F-1
|
|||||||||
| Page | ||||||||
| Consolidated Financial Statements as of August 31, 2020 and 2019 and for the years ended August 31, 2020, 2019 and 2018: | ||||||||
|
Consolidated Shareholders’ Equity Statements
|
F-8
|
|||||||
|
ACCENTURE
2020 FORM 10-K
|
Report of Independent Registered Public Accounting Firm |
F-2
|
|||||||||
|
ACCENTURE
2020 FORM 10-K
|
Report of Independent Registered Public Accounting Firm |
F-3
|
|||||||||
|
ACCENTURE
2020 FORM 10-K
|
Report of Independent Registered Public Accounting Firm |
F-4
|
|||||||||
|
Consolidated Financial Statements
(In thousands of U.S. dollars, except share and per share amounts)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-5
|
||||||||||
|
August 31,
2020 |
August 31,
2019 |
||||||||||
| ASSETS | |||||||||||
| CURRENT ASSETS: | |||||||||||
| Cash and cash equivalents | $ |
|
$ |
|
|||||||
| Short-term investments |
|
|
|||||||||
| Receivables and contract assets |
|
|
|||||||||
| Other current assets |
|
|
|||||||||
| Total current assets |
|
|
|||||||||
| NON-CURRENT ASSETS: | |||||||||||
| Contract assets |
|
|
|||||||||
| Investments |
|
|
|||||||||
| Property and equipment, net |
|
|
|||||||||
| Lease assets |
|
|
|||||||||
| Goodwill |
|
|
|||||||||
| Deferred contract costs |
|
|
|||||||||
| Deferred tax assets |
|
|
|||||||||
| Other non-current assets |
|
|
|||||||||
| Total non-current assets |
|
|
|||||||||
| TOTAL ASSETS | $ |
|
$ |
|
|||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||
| CURRENT LIABILITIES: | |||||||||||
| Current portion of long-term debt and bank borrowings | $ |
|
$ |
|
|||||||
| Accounts payable |
|
|
|||||||||
| Deferred revenues |
|
|
|||||||||
| Accrued payroll and related benefits |
|
|
|||||||||
| Income taxes payable |
|
|
|||||||||
| Lease liabilities |
|
|
|||||||||
| Accrued consumption taxes |
|
|
|||||||||
| Other accrued liabilities |
|
|
|||||||||
| Total current liabilities |
|
|
|||||||||
| NON-CURRENT LIABILITIES: | |||||||||||
| Long-term debt |
|
|
|||||||||
| Deferred revenues |
|
|
|||||||||
| Retirement obligation |
|
|
|||||||||
| Deferred tax liabilities |
|
|
|||||||||
| Income taxes payable |
|
|
|||||||||
| Lease liabilities |
|
|
|||||||||
| Other non-current liabilities |
|
|
|||||||||
| Total non-current liabilities |
|
|
|||||||||
| SHAREHOLDERS’ EQUITY: | |||||||||||
| Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of August 31, 2020 and August 31, 2019 |
|
|
|||||||||
| Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 658,548,895 and 654,739,267 shares issued as of August 31, 2020 and August 31, 2019, respectively |
|
|
|||||||||
| Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 527,509 and 609,404 shares issued and outstanding as of August 31, 2020 and August 31, 2019, respectively |
|
|
|||||||||
| Restricted share units |
|
|
|||||||||
| Additional paid-in capital |
|
|
|||||||||
| Treasury shares, at cost: Ordinary, 40,000 shares as of August 31, 2020 and August 31, 2019; Class A ordinary, 24,383,369 and 18,964,863 shares as of August 31, 2020 and August 31, 2019, respectively |
(
|
(
|
|||||||||
| Retained earnings |
|
|
|||||||||
| Accumulated other comprehensive loss |
(
|
(
|
|||||||||
| Total Accenture plc shareholders’ equity |
|
|
|||||||||
| Noncontrolling interests |
|
|
|||||||||
| Total shareholders’ equity |
|
|
|||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ |
|
$ |
|
|||||||
|
Consolidated Financial Statements
(In thousands of U.S. dollars, except share and per share amounts)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-6
|
||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| REVENUES: | |||||||||||||||||
| Revenues | $ |
|
$ |
|
$ |
|
|||||||||||
| OPERATING EXPENSES: | |||||||||||||||||
| Cost of services |
|
|
|
||||||||||||||
| Sales and marketing |
|
|
|
||||||||||||||
| General and administrative costs |
|
|
|
||||||||||||||
| Total operating expenses |
|
|
|
||||||||||||||
| OPERATING INCOME |
|
|
|
||||||||||||||
| Interest income |
|
|
|
||||||||||||||
| Interest expense |
(
|
(
|
(
|
||||||||||||||
| Other income (expense), net |
|
(
|
(
|
||||||||||||||
| INCOME BEFORE INCOME TAXES |
|
|
|
||||||||||||||
| Income tax expense |
|
|
|
||||||||||||||
| NET INCOME |
|
|
|
||||||||||||||
| Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc. |
(
|
(
|
(
|
||||||||||||||
| Net income attributable to noncontrolling interests – other |
(
|
(
|
(
|
||||||||||||||
| NET INCOME ATTRIBUTABLE TO ACCENTURE PLC | $ |
|
$ |
|
$ |
|
|||||||||||
| Weighted average Class A ordinary shares: | |||||||||||||||||
| Basic |
|
|
|
||||||||||||||
| Diluted |
|
|
|
||||||||||||||
| Earnings per Class A ordinary share: | |||||||||||||||||
| Basic | $ |
|
$ |
|
$ |
|
|||||||||||
| Diluted | $ |
|
$ |
|
$ |
|
|||||||||||
| Cash dividends per share | $ |
|
$ |
|
$ |
|
|||||||||||
|
Consolidated Financial Statements
(In thousands of U.S. dollars)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-7
|
||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| NET INCOME | $ |
|
$ |
|
$ |
|
|||||||||||
| OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: | |||||||||||||||||
| Foreign currency translation |
|
(
|
(
|
||||||||||||||
| Defined benefit plans |
|
(
|
|
||||||||||||||
| Cash flow hedges |
|
|
(
|
||||||||||||||
| Investments |
(
|
(
|
|
||||||||||||||
| OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC |
|
(
|
(
|
||||||||||||||
| Other comprehensive income (loss) attributable to noncontrolling interests |
|
(
|
(
|
||||||||||||||
| COMPREHENSIVE INCOME | $ |
|
$ |
|
$ |
|
|||||||||||
| COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC | $ |
|
$ |
|
$ |
|
|||||||||||
| Comprehensive income attributable to noncontrolling interests |
|
|
|
||||||||||||||
| COMPREHENSIVE INCOME | $ |
|
$ |
|
$ |
|
|||||||||||
|
Consolidated Financial Statements
(In thousands of U.S. dollars and share amounts)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-8
|
||||||||||
|
Ordinary
Shares |
Class A
Ordinary Shares |
Class X
Ordinary Shares |
Restricted Share Units | Additional Paid-in Capital | Treasury Shares | Accumulated Other Comprehensive Loss | Total Accenture plc Shareholders’ Equity | Noncontrolling Interests | Total Shareholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| $ | No. Shares | $ | No. Shares | $ | No. Shares | $ | No. Shares | Retained Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of August 31, 2017 | $ |
|
|
$ |
|
|
$ |
|
|
$ |
|
$ |
|
$ |
(
|
(
|
$ |
|
$ |
(
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive income (loss) |
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases of Class A ordinary shares |
|
(
|
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cancellation of treasury shares |
(
|
(
|
|
|
(
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based compensation expense |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases/redemptions of Accenture Holdings plc ordinary shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares |
(
|
(
|
(
|
(
|
(
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issuances of Class A ordinary shares: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee share programs |
|
(
|
|
|
|
(
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Upon redemption of Accenture Holdings plc ordinary shares |
|
|
(
|
|
|
(
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends |
|
(
|
(
|
(
|
(
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other, net |
(
|
(
|
(
|
(
|
(
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of August 31, 2018 | $ |
|
|
$ |
|
|
$ |
|
|
$ |
|
$ |
|
$ |
(
|
(
|
$ |
|
$ |
(
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Financial Statements
(In thousands of U.S. dollars and share amounts)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-9
|
||||||||||
|
Ordinary
Shares |
Class A
Ordinary Shares |
Class X
Ordinary Shares |
Restricted Share Units | Additional Paid-in Capital | Treasury Shares | Accumulated Other Comprehensive Loss | Total Accenture plc Shareholders’ Equity | Noncontrolling Interests | Total Shareholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| $ | No. Shares | $ | No. Shares | $ | No. Shares | $ | No. Shares | Retained Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cumulative effect adjustment |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive income (loss) |
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases of Class A shares |
|
(
|
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cancellation of treasury shares |
(
|
(
|
|
|
(
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based compensation expense |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares |
(
|
(
|
(
|
(
|
(
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issuances of Class A shares for employee share programs |
|
(
|
|
|
|
(
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends |
|
(
|
(
|
(
|
(
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other, net |
(
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of August 31, 2019 | $ |
|
|
$ |
|
|
$ |
|
|
$ |
|
$ |
|
$ |
(
|
(
|
$ |
|
$ |
(
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Financial Statements
(In thousands of U.S. dollars and share amounts)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-10
|
||||||||||
|
Ordinary
Shares |
Class A
Ordinary Shares |
Class X
Ordinary Shares |
Restricted Share Units | Additional Paid-in Capital | Treasury Shares | Accumulated Other Comprehensive Loss | Total Accenture plc Shareholders’ Equity | Noncontrolling Interests | Total Shareholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| $ | No. Shares | $ | No. Shares | $ | No. Shares | $ | No. Shares | Retained Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive income (loss) |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases of Class A shares |
|
(
|
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cancellation of treasury shares |
(
|
(
|
|
|
(
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based compensation expense |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares |
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issuances of Class A shares for employee share programs |
|
(
|
|
|
|
(
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends |
|
(
|
(
|
(
|
(
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other, net |
|
|
|
(
|
(
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of August 31, 2020 | $ |
|
|
$ |
|
|
$ |
|
|
$ |
|
$ |
|
$ |
(
|
(
|
$ |
|
$ |
(
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Financial Statements
(In thousands of U.S. dollars)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-11
|
||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||
| Net income | $ |
|
$ |
|
$ |
|
|||||||||||
| Adjustments to reconcile Net income to Net cash provided by (used in) operating activities— | |||||||||||||||||
| Depreciation, amortization and other |
|
|
|
||||||||||||||
| Share-based compensation expense |
|
|
|
||||||||||||||
| Deferred tax expense (benefit) |
|
(
|
|
||||||||||||||
| Other, net |
(
|
(
|
|
||||||||||||||
| Change in assets and liabilities, net of acquisitions— | |||||||||||||||||
| Receivables and contract assets, current and non-current |
|
(
|
(
|
||||||||||||||
| Other current and non-current assets |
(
|
(
|
(
|
||||||||||||||
| Accounts payable |
(
|
|
(
|
||||||||||||||
| Deferred revenues, current and non-current |
|
|
|
||||||||||||||
| Accrued payroll and related benefits |
(
|
|
|
||||||||||||||
| Income taxes payable, current and non-current |
|
(
|
|
||||||||||||||
| Other current and non-current liabilities |
(
|
|
|
||||||||||||||
| Net cash provided by (used in) operating activities |
|
|
|
||||||||||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||||||||
| Purchases of property and equipment |
(
|
(
|
(
|
||||||||||||||
| Purchases of businesses and investments, net of cash acquired |
(
|
(
|
(
|
||||||||||||||
| Proceeds from sales of businesses and investments |
|
|
|
||||||||||||||
| Other investing, net |
|
|
|
||||||||||||||
| Net cash provided by (used in) investing activities |
(
|
(
|
(
|
||||||||||||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||
| Proceeds from issuance of shares |
|
|
|
||||||||||||||
| Purchases of shares |
(
|
(
|
(
|
||||||||||||||
| Proceeds from (repayments of) long-term debt, net |
(
|
(
|
(
|
||||||||||||||
| Cash dividends paid |
(
|
(
|
(
|
||||||||||||||
| Other, net |
(
|
(
|
(
|
||||||||||||||
| Net cash provided by (used in) financing activities |
(
|
(
|
(
|
||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents |
|
(
|
(
|
||||||||||||||
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
|
|
|
||||||||||||||
|
CASH AND CASH EQUIVALENTS,
beginning of period
|
|
|
|
||||||||||||||
|
CASH AND CASH EQUIVALENTS,
end of period
|
$ |
|
$ |
|
$ |
|
|||||||||||
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||||||||||||||||
| Interest paid | $ |
|
$ |
|
$ |
|
|||||||||||
| Income taxes paid, net | $ |
|
$ |
|
$ |
|
|||||||||||
|
Notes To Consolidated Financial Statements
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-12
|
||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-13
|
||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-14
|
||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-15
|
||||||||||
| August 31, 2020 | August 31, 2019 | ||||||||||
| Equity method investments | $ |
|
$ |
|
|||||||
| Investments without readily determinable fair values |
|
|
|||||||||
| Total non-current investments | $ |
|
$ |
|
|||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-16
|
||||||||||
| Computers, related equipment and software | 2 to 7 years | ||||
| Furniture and fixtures | 5 to 10 years | ||||
| Leasehold improvements |
|
||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Research and development costs | $ |
|
$ |
|
$ |
|
|||||||||||
| Advertising costs (1) |
|
|
|
||||||||||||||
| Provision for (release of) doubtful accounts (2) |
|
|
(
|
||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-17
|
||||||||||
| Balance Sheet | Balance as of August 31, 2019 | Adjustments due to ASU 2016-02 (Topic 842) | Balance as of September 1, 2019 | ||||||||||||||
| CURRENT ASSETS | |||||||||||||||||
| Other current assets | $ |
|
$ |
(
|
$ |
|
|||||||||||
| NON-CURRENT ASSETS | |||||||||||||||||
| Lease assets |
|
|
|
||||||||||||||
| Other non-current assets |
|
(
|
|
||||||||||||||
| CURRENT LIABILITIES | |||||||||||||||||
| Lease liabilities |
|
|
|
||||||||||||||
| Other accrued liabilities |
|
(
|
|
||||||||||||||
| NON-CURRENT LIABILITIES | |||||||||||||||||
| Lease liabilities |
|
|
|
||||||||||||||
| Other non-current liabilities |
|
(
|
|
||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-18
|
||||||||||
| As of August 31, 2020 | As of August 31, 2019 | ||||||||||
| Receivables, net of allowance | $ |
|
$ |
|
|||||||
| Contract assets (current) |
|
|
|||||||||
| Receivables and contract assets (current) |
|
|
|||||||||
| Contract assets (non-current) |
|
|
|||||||||
| Deferred revenues (current) |
|
|
|||||||||
| Deferred revenues (non-current) |
|
|
|||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-19
|
||||||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Basic Earnings per share | |||||||||||||||||
| Net income attributable to Accenture plc | $ |
|
$ |
|
$ |
|
|||||||||||
| Basic weighted average Class A ordinary shares |
|
|
|
||||||||||||||
| Basic earnings per share | $ |
|
$ |
|
$ |
|
|||||||||||
| Diluted Earnings per share | |||||||||||||||||
| Net income attributable to Accenture plc | $ |
|
$ |
|
$ |
|
|||||||||||
| Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc. (1) |
|
|
|
||||||||||||||
| Net income for diluted earnings per share calculation | $ |
|
$ |
|
$ |
|
|||||||||||
| Basic weighted average Class A ordinary shares |
|
|
|
||||||||||||||
| Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1) |
|
|
|
||||||||||||||
| Diluted effect of employee compensation related to Class A ordinary shares |
|
|
|
||||||||||||||
| Diluted effect of share purchase plans related to Class A ordinary shares |
|
|
|
||||||||||||||
| Diluted weighted average Class A ordinary shares |
|
|
|
||||||||||||||
| Diluted earnings per share | $ |
|
$ |
|
$ |
|
|||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-20
|
||||||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Foreign currency translation | |||||||||||||||||
| Beginning balance | $ |
(
|
$ |
(
|
$ |
(
|
|||||||||||
| Foreign currency translation |
|
(
|
(
|
||||||||||||||
| Income tax benefit (expense) |
(
|
(
|
|
||||||||||||||
| Portion attributable to noncontrolling interests |
(
|
|
|
||||||||||||||
| Foreign currency translation, net of tax |
|
(
|
(
|
||||||||||||||
| Ending balance |
(
|
(
|
(
|
||||||||||||||
| Defined benefit plans | |||||||||||||||||
| Beginning balance |
(
|
(
|
(
|
||||||||||||||
| Actuarial gains (losses) |
|
(
|
|
||||||||||||||
| Pension settlement |
|
|
|
||||||||||||||
| Prior service costs arising during the period |
|
(
|
(
|
||||||||||||||
|
Reclassifications into net periodic pension and
post-retirement expense (1) |
|
|
|
||||||||||||||
| Income tax benefit (expense) |
(
|
|
(
|
||||||||||||||
| Portion attributable to noncontrolling interests |
(
|
|
(
|
||||||||||||||
| Defined benefit plans, net of tax |
|
(
|
|
||||||||||||||
| Ending balance |
(
|
(
|
(
|
||||||||||||||
| Cash flow hedges | |||||||||||||||||
| Beginning balance |
|
(
|
|
||||||||||||||
| Unrealized gain (loss) |
|
|
(
|
||||||||||||||
| Reclassification adjustments into Cost of services |
(
|
(
|
(
|
||||||||||||||
| Income tax benefit (expense) |
|
(
|
|
||||||||||||||
| Portion attributable to noncontrolling interests |
(
|
(
|
|
||||||||||||||
| Cash flow hedges, net of tax |
|
|
(
|
||||||||||||||
| Ending balance (2) |
|
|
(
|
||||||||||||||
| Investments | |||||||||||||||||
| Beginning balance |
|
|
|
||||||||||||||
| Unrealized gain (loss) |
(
|
(
|
|
||||||||||||||
| Income tax benefit (expense) |
|
|
(
|
||||||||||||||
| Portion attributable to noncontrolling interests |
|
|
(
|
||||||||||||||
| Investments, net of tax |
(
|
(
|
|
||||||||||||||
| Ending balance |
(
|
|
|
||||||||||||||
| Accumulated other comprehensive loss | $ |
(
|
$ |
(
|
$ |
(
|
|||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-21
|
||||||||||
| August 31, 2020 | August 31, 2019 | ||||||||||
| Buildings and land | $ |
|
$ |
|
|||||||
| Computers, related equipment and software |
|
|
|||||||||
| Furniture and fixtures |
|
|
|||||||||
| Leasehold improvements |
|
|
|||||||||
| Property and equipment, gross |
|
|
|||||||||
| Total accumulated depreciation |
(
|
(
|
|||||||||
| Property and equipment, net | $ |
|
$ |
|
|||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Total consideration | $ |
|
$ |
|
$ |
|
|||||||||||
| Goodwill |
|
|
|
||||||||||||||
| Intangible assets |
|
|
|
||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-22
|
||||||||||
|
August 31,
2018 |
Additions/
Adjustments |
Foreign
Currency Translation |
August 31,
2019 |
Additions/
Adjustments |
Foreign
Currency Translation |
August 31,
2020 |
|||||||||||||||||||||||||||||||||||
| GEOGRAPHIC MARKETS (1) | |||||||||||||||||||||||||||||||||||||||||
| North America | $ |
|
$ |
|
$ |
(
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||||||
| Europe |
|
|
(
|
|
|
|
|
||||||||||||||||||||||||||||||||||
| Growth Markets |
|
|
(
|
|
|
|
|
||||||||||||||||||||||||||||||||||
| Total | $ |
|
$ |
|
$ |
(
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||||||
| August 31, 2019 | August 31, 2020 | |||||||||||||||||||||||||||||||||||||
| Intangible Asset Class | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||||||||||||||||||||||||
| Customer-related | $ |
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
||||||||||||||||||||||||||
| Technology |
|
(
|
|
|
(
|
|
||||||||||||||||||||||||||||||||
| Patents |
|
(
|
|
|
(
|
|
||||||||||||||||||||||||||||||||
| Other |
|
(
|
|
|
(
|
|
||||||||||||||||||||||||||||||||
| Total | $ |
|
$ |
(
|
$ |
|
$ |
|
$ |
(
|
$ |
|
||||||||||||||||||||||||||
| Fiscal Year | Estimated Amortization | |||||||
| 2021 | $ |
|
||||||
| 2022 |
|
|||||||
| 2023 |
|
|||||||
| 2024 |
|
|||||||
| 2025 |
|
|||||||
| Thereafter |
|
|||||||
| Total | $ |
|
||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-23
|
||||||||||
| Fiscal 2020 | |||||
| Operating lease cost | $ |
|
|||
| Variable lease cost |
|
||||
| Sublease income |
(
|
||||
| $ |
|
||||
| Fiscal 2020 | |||||
| Lease liability payments | $ |
|
|||
| Lease assets obtained in exchange for liabilities | $ |
|
|||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-24
|
||||||||||
| Lease Payments | Sublease Receipts | ||||||||||
| 2021 | $ |
|
$ |
(
|
|||||||
| 2022 |
|
(
|
|||||||||
| 2023 |
|
(
|
|||||||||
| 2024 |
|
(
|
|||||||||
| 2025 |
|
(
|
|||||||||
| Thereafter |
|
(
|
|||||||||
| Total lease payments (receipts) |
|
$ |
(
|
||||||||
| Less interest |
(
|
||||||||||
| Total lease liabilities | $ |
|
|||||||||
| Lease Payments | Sublease Receipts | ||||||||||
| 2020 | $ |
|
$ |
(
|
|||||||
| 2021 |
|
(
|
|||||||||
| 2022 |
|
(
|
|||||||||
| 2023 |
|
(
|
|||||||||
| 2024 |
|
(
|
|||||||||
| Thereafter |
|
(
|
|||||||||
| $ |
|
$ |
(
|
||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-25
|
||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-26
|
||||||||||
| August 31, 2020 | August 31, 2019 | ||||||||||
| Assets | |||||||||||
| Cash Flow Hedges | |||||||||||
| Other current assets | $ |
|
$ |
|
|||||||
| Other non-current assets |
|
|
|||||||||
| Other Derivatives | |||||||||||
| Other current assets |
|
|
|||||||||
| Total assets | $ |
|
$ |
|
|||||||
| Liabilities | |||||||||||
| Cash Flow Hedges | |||||||||||
| Other accrued liabilities | $ |
|
$ |
|
|||||||
| Other non-current liabilities |
|
|
|||||||||
| Other Derivatives | |||||||||||
| Other accrued liabilities |
|
|
|||||||||
| Total liabilities | $ |
|
$ |
|
|||||||
| Total fair value | $ |
|
$ |
|
|||||||
| Total notional value | $ |
|
$ |
|
|||||||
| August 31, 2020 | August 31, 2019 | ||||||||||
| Net derivative assets | $ |
|
$ |
|
|||||||
| Net derivative liabilities |
|
|
|||||||||
| Total fair value | $ |
|
$ |
|
|||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-27
|
||||||||||
|
Facility
Amount |
Borrowings
Under Facilities |
||||||||||
| Syndicated loan facility (1) | $ |
|
$ |
|
|||||||
| 364-day syndicated loan facility (2) |
|
|
|||||||||
| Separate, uncommitted, unsecured multicurrency revolving credit facilities (3) |
|
|
|||||||||
| Local guaranteed and non-guaranteed lines of credit (4) |
|
|
|||||||||
| Total | $ |
|
$ |
|
|||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-28
|
||||||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Current taxes | |||||||||||||||||
| U.S. federal | $ |
|
$ |
|
$ |
|
|||||||||||
| U.S. state and local |
|
|
|
||||||||||||||
| Non-U.S. |
|
|
|
||||||||||||||
| Total current tax expense |
|
|
|
||||||||||||||
| Deferred taxes | |||||||||||||||||
| U.S. federal |
|
(
|
|
||||||||||||||
| U.S. state and local |
|
(
|
|
||||||||||||||
| Non-U.S. |
|
|
(
|
||||||||||||||
| Total deferred tax (benefit) expense |
|
(
|
|
||||||||||||||
| Total | $ |
|
$ |
|
$ |
|
|||||||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| U.S. sources | $ |
|
$ |
|
$ |
|
|||||||||||
| Non-U.S. sources |
|
|
|
||||||||||||||
| Total | $ |
|
$ |
|
$ |
|
|||||||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| U.S. federal statutory income tax rate |
|
% |
|
% |
|
% | |||||||||||
| U.S. state and local taxes, net |
|
|
|
||||||||||||||
| Non-U.S. operations taxed at other rates |
|
|
(
|
||||||||||||||
| Final determinations (1) |
(
|
(
|
(
|
||||||||||||||
|
Other net activity in unrecognized tax benefits
|
|
|
|
||||||||||||||
| Excess tax benefits from share based payments |
(
|
(
|
(
|
||||||||||||||
| Changes in tax laws and rates |
(
|
|
|
||||||||||||||
| Other, net |
|
|
|
||||||||||||||
| Effective income tax rate |
|
% |
|
% |
|
% | |||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-29
|
||||||||||
| August 31, 2020 |
August 31, 2019 (1)
|
||||||||||
| Deferred tax assets | |||||||||||
| Pensions | $ |
|
$ |
|
|||||||
| Revenue recognition |
|
|
|||||||||
| Compensation and benefits |
|
|
|||||||||
| Share-based compensation |
|
|
|||||||||
| Tax credit carryforwards |
|
|
|||||||||
| Net operating loss carryforwards |
|
|
|||||||||
| Deferred amortization deductions |
|
|
|||||||||
| Indirect effects of unrecognized tax benefits |
|
|
|||||||||
| Licenses and other intangibles |
|
|
|||||||||
| Leases |
|
|
|||||||||
| Other |
|
|
|||||||||
| Total deferred tax assets |
|
|
|||||||||
| Valuation allowance |
(
|
(
|
|||||||||
| Deferred tax assets, net of valuation allowance |
|
|
|||||||||
| Deferred tax liabilities | |||||||||||
| Investments in subsidiaries |
(
|
(
|
|||||||||
| Intangibles |
(
|
(
|
|||||||||
| Leases |
(
|
(
|
|||||||||
| Other |
(
|
(
|
|||||||||
| Total deferred tax liabilities |
(
|
(
|
|||||||||
| Net deferred tax assets | $ |
|
$ |
|
|||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-30
|
||||||||||
| Fiscal | |||||||||||
| 2020 | 2019 | ||||||||||
| Balance, beginning of year | $ |
|
$ |
|
|||||||
| Additions for tax positions related to the current year |
|
|
|||||||||
| Additions for tax positions related to prior years |
|
|
|||||||||
| Reductions for tax positions related to prior years |
(
|
(
|
|||||||||
| Statute of limitations expirations |
(
|
(
|
|||||||||
| Settlements with tax authorities |
(
|
(
|
|||||||||
| Foreign currency translation |
|
(
|
|||||||||
| Balance, end of year | $ |
|
$ |
|
|||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-31
|
||||||||||
| Pension Plans | Postretirement Plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||
|
August 31,
2020 |
August 31,
2019 |
August 31,
2018 |
August 31, 2020 | August 31, 2019 | August 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||
|
U.S.
Plans |
Non-U.S. Plans |
U.S.
Plans |
Non-U.S. Plans |
U.S.
Plans |
Non-U.S. Plans | U.S. and Non-U.S. Plans | U.S. and Non-U.S. Plans | U.S. and Non-U.S. Plans | |||||||||||||||||||||||||||||||||||||||||||||
| Discount rate for determining projected benefit obligation |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% | |||||||||||||||||||||||||||||||||||
| Discount rate for determining net periodic pension expense |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% | |||||||||||||||||||||||||||||||||||
| Long term rate of return on plan assets |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% | |||||||||||||||||||||||||||||||||||
| Rate of increase in future compensation for determining projected benefit obligation |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% | N/A | N/A | N/A | ||||||||||||||||||||||||||||||||||||||
| Rate of increase in future compensation for determining net periodic pension expense |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% | N/A | N/A | N/A | ||||||||||||||||||||||||||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-32
|
||||||||||
| Pension Plans | Postretirement Plans | ||||||||||||||||||||||||||||||||||
|
August 31,
2020 |
August 31,
2019 |
August 31, 2020 | August 31, 2019 | ||||||||||||||||||||||||||||||||
| U.S. Plans | Non-U.S. Plans | U.S. Plans | Non-U.S. Plans | U.S. and Non-U.S. Plans | U.S. and Non-U.S. Plans | ||||||||||||||||||||||||||||||
| Reconciliation of benefit obligation | |||||||||||||||||||||||||||||||||||
| Benefit obligation, beginning of year | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
| Service cost |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Interest cost |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Participant contributions |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Acquisitions/divestitures/transfers |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Amendments |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Curtailment |
|
|
|
(
|
|
|
|||||||||||||||||||||||||||||
| Pension settlement |
|
(
|
|
(
|
|
|
|||||||||||||||||||||||||||||
| Actuarial (gain) loss |
|
(
|
|
|
|
|
|||||||||||||||||||||||||||||
| Benefits paid |
(
|
(
|
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||
| Exchange rate impact |
|
|
|
(
|
|
(
|
|||||||||||||||||||||||||||||
| Benefit obligation, end of year | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
| Reconciliation of fair value of plan assets | |||||||||||||||||||||||||||||||||||
| Fair value of plan assets, beginning of year | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
| Actual return on plan assets |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Acquisitions/divestitures/transfers |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Employer contributions |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Participant contributions |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Pension settlement |
|
|
|
(
|
|
|
|||||||||||||||||||||||||||||
| Benefits paid |
(
|
(
|
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||
| Exchange rate impact |
|
|
|
(
|
|
|
|||||||||||||||||||||||||||||
| Other | — |
(
|
— | — | — | — | |||||||||||||||||||||||||||||
| Fair value of plan assets, end of year | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
| Funded status, end of year | $ |
(
|
$ |
(
|
$ |
(
|
$ |
(
|
$ |
(
|
$ |
(
|
|||||||||||||||||||||||
| Amounts recognized in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||
| Non-current assets | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
| Current liabilities |
(
|
(
|
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||
| Non-current liabilities |
(
|
(
|
(
|
(
|
(
|
(
|
|||||||||||||||||||||||||||||
| Funded status, end of year | $ |
(
|
$ |
(
|
$ |
(
|
$ |
(
|
$ |
(
|
$ |
(
|
|||||||||||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-33
|
||||||||||
| Pension Plans | Postretirement Plans | ||||||||||||||||||||||||||||||||||
|
August 31,
2020 |
August 31,
2019 |
August 31,
2020 |
August 31,
2019 |
||||||||||||||||||||||||||||||||
| U.S. Plans |
Non-U.S.
Plans |
U.S. Plans |
Non-U.S.
Plans |
U.S. and Non-U.S. Plans | U.S. and Non-U.S. Plans | ||||||||||||||||||||||||||||||
| Net loss | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
| Prior service (credit) cost |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Accumulated other comprehensive loss, pre-tax | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
|
August 31,
2020 |
August 31,
2019 |
||||||||||||||||||||||
| U.S. Plans |
Non-U.S.
Plans |
U.S. Plans |
Non-U.S.
Plans |
||||||||||||||||||||
| Accumulated benefit obligation | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Pension Plans | Postretirement Plans | ||||||||||||||||||||||||||||||||||
|
August 31,
2020 |
August 31,
2019 |
August 31,
2020 |
August 31,
2019 |
||||||||||||||||||||||||||||||||
| U.S. Plans |
Non-U.S.
Plans |
U.S. Plans |
Non-U.S.
Plans |
U.S. and Non-U.S. Plans | U.S. and Non-U.S. Plans | ||||||||||||||||||||||||||||||
| Projected benefit obligation in excess of plan assets | |||||||||||||||||||||||||||||||||||
| Projected benefit obligation | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||||||
| Fair value of plan assets |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
|
August 31,
2020 |
August 31,
2019 |
||||||||||||||||||||||
| U.S. Plans |
Non-U.S.
Plans |
U.S. Plans |
Non-U.S.
Plans |
||||||||||||||||||||
| Accumulated benefit obligation in excess of plan assets | |||||||||||||||||||||||
| Accumulated benefit obligation | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Fair value of plan assets |
|
|
|
|
|||||||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-34
|
||||||||||
|
2021 Target
Allocation |
2020 | 2019 | |||||||||||||||||||||||||||||||||
|
U.S.
Plans |
Non-U.S.
Plans |
U.S.
Plans |
Non-U.S.
Plans |
U.S.
Plans |
Non-U.S.
Plans |
||||||||||||||||||||||||||||||
| Asset Category | |||||||||||||||||||||||||||||||||||
| Equity securities |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% | |||||||||||||||||||||||
| Debt securities |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Cash and short-term investments |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Insurance contracts |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Other |
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Total |
|
% |
|
% |
|
% |
|
% |
|
% |
|
% | |||||||||||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-35
|
||||||||||
| Non-U.S. Plans | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| Equity | |||||||||||||||||||||||
| Mutual fund equity securities | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Fixed Income | |||||||||||||||||||||||
| Non-U.S. government debt securities |
|
|
|
|
|||||||||||||||||||
| Non-U.S. corporate debt securities |
|
|
|
|
|||||||||||||||||||
| Mutual fund debt securities |
|
|
|
|
|||||||||||||||||||
| Cash and short-term investments |
|
|
|
|
|||||||||||||||||||
| Insurance contracts |
|
|
|
|
|||||||||||||||||||
| Other |
|
|
|
|
|||||||||||||||||||
| Total | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Level 3 Assets | Fiscal 2020 | ||||
| Beginning balance | $ |
|
|||
| Changes in fair value |
|
||||
| Ending Balance | $ |
|
|||
| Non-U.S. Plans | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| Equity | |||||||||||||||||||||||
| Mutual fund equity securities | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Fixed Income | |||||||||||||||||||||||
| Non-U.S. government debt securities |
|
|
|
|
|||||||||||||||||||
| Non-U.S. corporate debt securities |
|
|
|
|
|||||||||||||||||||
| Mutual fund debt securities |
|
|
|
|
|||||||||||||||||||
| Cash and short-term investments |
|
|
|
|
|||||||||||||||||||
| Insurance contracts |
|
|
|
|
|||||||||||||||||||
| Other |
|
|
|
|
|||||||||||||||||||
| Total | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Level 3 Assets | Fiscal 2019 | ||||
| Beginning balance | $ |
|
|||
| Purchases, sales and settlements |
|
||||
| Changes in fair value |
|
||||
| Ending Balance | $ |
|
|||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-36
|
||||||||||
| Pension Plans | Postretirement Plans | ||||||||||||||||
| U.S. Plans |
Non-U.S.
Plans |
U.S. and Non-U.S. Plans | |||||||||||||||
| 2021 | $ |
|
$ |
|
$ |
|
|||||||||||
| 2022 |
|
|
|
||||||||||||||
| 2023 |
|
|
|
||||||||||||||
| 2024 |
|
|
|
||||||||||||||
| 2025 |
|
|
|
||||||||||||||
| 2026-2030 |
|
|
|
||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-37
|
||||||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Total share-based compensation expense included in Net income | $ |
|
$ |
|
$ |
|
|||||||||||
| Income tax benefit related to share-based compensation included in Net income |
|
|
|
||||||||||||||
|
Number of Restricted
Share Units |
Weighted Average
Grant-Date Fair Value |
||||||||||
| Nonvested balance as of August 31, 2019 |
|
$ |
|
||||||||
| Granted (1) |
|
|
|||||||||
| Vested (2) |
(
|
|
|||||||||
| Forfeited |
(
|
|
|||||||||
| Nonvested balance as of August 31, 2020 |
|
$ |
|
||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-38
|
||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-39
|
||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-40
|
||||||||||
|
Accenture plc Class A
Ordinary Shares |
Accenture Canada
Holdings Inc. Exchangeable Shares |
||||||||||||||||||||||
| Shares | Amount | Shares | Amount | ||||||||||||||||||||
| Open-market share purchases (1) |
|
$ |
|
|
$ |
|
|||||||||||||||||
| Other share purchase programs |
|
|
|
|
|||||||||||||||||||
| Other purchases (2) |
|
|
|
|
|||||||||||||||||||
| Total |
|
$ |
|
|
$ |
|
|||||||||||||||||
|
Dividend Per
Share |
Accenture plc Class A
Ordinary Shares |
Accenture Canada
Holdings Inc. Exchangeable Shares |
Total Cash
Outlay |
|||||||||||||||||||||||||||||||||||
| Dividend Payment Date | Record Date | Cash Outlay | Record Date | Cash Outlay | ||||||||||||||||||||||||||||||||||
|
|
$ |
|
|
$ |
|
|
$ |
|
$ |
|
||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||
| Total Dividends | $ |
|
$ |
|
$ |
|
||||||||||||||||||||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-41
|
||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-42
|
||||||||||
| Fiscal 2020 | North America | Europe | Growth Markets | Total | |||||||||||||||||||
| Revenues | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Depreciation and amortization (1) |
|
|
|
|
|||||||||||||||||||
| Operating income |
|
|
|
|
|||||||||||||||||||
| Net assets as of August 31 (2) |
|
|
|
|
|||||||||||||||||||
| Property & equipment, net |
|
|
|
|
|||||||||||||||||||
| Fiscal 2019 | |||||||||||||||||||||||
| Revenues (3) | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Depreciation and amortization (1) |
|
|
|
|
|||||||||||||||||||
| Operating income |
|
|
|
|
|||||||||||||||||||
| Net assets as of August 31 (2) |
|
|
|
|
|||||||||||||||||||
| Property & equipment, net |
|
|
|
|
|||||||||||||||||||
| Fiscal 2018 | |||||||||||||||||||||||
| Revenues (3) (4) | $ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||
| Depreciation and amortization (1) |
|
|
|
|
|||||||||||||||||||
| Operating income (4) |
|
|
|
|
|||||||||||||||||||
| Net assets as of August 31 (2) |
|
|
|
|
|||||||||||||||||||
| Property & equipment, net |
|
|
|
|
|||||||||||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-43
|
||||||||||
| August 31, 2020 | August 31, 2019 | August 31, 2018 | |||||||||||||||
| United States |
|
% |
|
% |
|
% | |||||||||||
| India |
|
|
|
||||||||||||||
| Ireland |
|
|
|
||||||||||||||
| Fiscal | |||||||||||||||||
| 2020 | 2019 | 2018 (1) | |||||||||||||||
| INDUSTRY GROUPS | |||||||||||||||||
| Communications, Media & Technology | $ |
|
$ |
|
$ |
|
|||||||||||
| Financial Services |
|
|
|
||||||||||||||
| Health & Public Service |
|
|
|
||||||||||||||
| Products |
|
|
|
||||||||||||||
| Resources |
|
|
|
||||||||||||||
| Other |
|
|
|
||||||||||||||
| Total | $ |
|
$ |
|
$ |
|
|||||||||||
| TYPE OF WORK | |||||||||||||||||
| Consulting | $ |
|
$ |
|
$ |
|
|||||||||||
| Outsourcing |
|
|
|
||||||||||||||
| Total | $ |
|
$ |
|
$ |
|
|||||||||||
|
Notes To Consolidated Financial Statements — (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
|
|||||||||||
|
ACCENTURE
2020 FORM 10-K
|
F-44
|
||||||||||
| Fiscal 2020 |
First
Quarter |
Second
Quarter |
Third
Quarter |
Fourth
Quarter |
Annual | ||||||||||||||||||||||||
| Revenues | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||
| Cost of services |
|
|
|
|
|
||||||||||||||||||||||||
| Operating income |
|
|
|
|
|
||||||||||||||||||||||||
| Net income |
|
|
|
|
|
||||||||||||||||||||||||
| Net income attributable to Accenture plc |
|
|
|
|
|
||||||||||||||||||||||||
| Weighted average Class A ordinary shares: | |||||||||||||||||||||||||||||
| —Basic |
|
|
|
|
|
||||||||||||||||||||||||
| —Diluted |
|
|
|
|
|
||||||||||||||||||||||||
| Earnings per Class A ordinary share: | |||||||||||||||||||||||||||||
| —Basic | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||
| —Diluted | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||
| Fiscal 2019 |
First
Quarter |
Second
Quarter |
Third
Quarter |
Fourth
Quarter |
Annual | ||||||||||||||||||||||||
| Revenues | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||
| Cost of services |
|
|
|
|
|
||||||||||||||||||||||||
| Operating income |
|
|
|
|
|
||||||||||||||||||||||||
| Net income |
|
|
|
|
|
||||||||||||||||||||||||
| Net income attributable to Accenture plc |
|
|
|
|
|
||||||||||||||||||||||||
| Weighted average Class A ordinary shares: | |||||||||||||||||||||||||||||
| —Basic |
|
|
|
|
|
||||||||||||||||||||||||
| —Diluted |
|
|
|
|
|
||||||||||||||||||||||||
| Earnings per Class A ordinary share: | |||||||||||||||||||||||||||||
| —Basic | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||
| —Diluted | $ |
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||||||||||||